Core Insights - SEALSQ Corp has launched the MS6003 secure element chip, which is preloaded with a FIDO2 authentication application, aimed at enhancing passwordless authentication in a zero-trust environment [3][4][6] - The global FIDO authentication market is projected to grow from USD 2.16 billion in 2025 to USD 15.32 billion by 2035, at a CAGR of 18.3%, driven by increasing cyber threats and the demand for secure authentication solutions [6][7] Company Overview - SEALSQ focuses on developing and selling semiconductors, PKI, and post-quantum technology hardware and software products [3][8] - The company is pioneering post-quantum semiconductors that provide robust protection for sensitive data across various applications, including multi-factor authentication, healthcare systems, and automotive [9] Product Features - The MS6003 simplifies secure authentication adoption, reducing time-to-market and streamlining compliance for customers in enterprise, industrial, IoT, and consumer applications [4][7] - It is built on a Common Criteria EAL5+-certified microcontroller platform, ensuring compliance with rigorous hardware security standards [7] - The chip supports diverse applications, including PC OEMs, smart locks, and automotive IoT, providing versatile integration options [7] Market Context - The MS6003 positions SEALSQ to capture the growing passwordless security market, which is increasingly important as 80% of data breaches are linked to compromised credentials [6][7] - FIDO2 standards, endorsed by major industry players like Microsoft, Apple, and Google, are transforming digital security and driving the demand for passwordless solutions [6]